Fake Coinbase & Gemini Emails Target Crypto Users!

Fraudsters are sending fake emails impersonating Coinbase and Gemini, instructing users to transition to self-custodial wallets.

Author

Danielle du Toit
March 17, 2025

Here's what we've got for you today:

  • Crypto Users Targeted by New Scam Emails Posing as Coinbase and Gemini

  • OKX Suspends DEX Aggregator to Stop ‘Further Misuse’ by Lazarus

  • Solana Turns Five as Network Faces Challenges and Institutional Growth

  • Trump’s Second Ex-Wife Calls for End of Prosecution Against Roger Ver

Cybercriminals have been sending fraudulent emails that seem to come from Coinbase and Gemini, instructing users to transition to self-custodial wallets.

  • Fraudsters are sending fraudulent emails impersonating Coinbase and Gemini, instructing users to transition to self-custodial wallets.

  • The scam involves guiding users to download legitimate wallet apps but using pre-generated recovery phrases controlled by scammers, allowing them to steal funds once assets are transferred.

  • To seem more credible, the emails reference legal cases, falsely claiming court rulings require users to migrate.

OKX recently detected a coordinated effort by the Lazarus group to misuse its DeFi services.

  • OKX temporarily suspended its decentralized exchange (DEX) aggregator to prevent misuse by the North Korean hacking group Lazarus.

  • The exchange is conducting an internal review and upgrade after consulting with regulators but has not provided a timeline for the service's return.

  • While crypto wallet services are still available, OKX paused new wallet creation in select markets during this period.

🎂 Solana Turns Five as Network Faces Challenges and Institutional Growth

Solana (SOL), the blockchain that is known for its speed and scalability, reached its five-year anniversary on Sunday.

  • Solana co-founder Anatoly Yakovenko celebrated "Solana 0 block day" on X, joined by key projects like Phantom Wallet and Pump.fun.

  • Despite the celebration, Solana's active user count has been declining since November of 2023, with March expected to record even fewer users than February.

  • The decline is linked to the fading popularity of Pump.fun, which faced investor skepticism after meme coin scandals.

US President Donald Trump’s second ex-wife, Marla Maples, showed her support for ending the country’s case against early Bitcoin advocate Roger Ver.

  • Maples shared a video on X supporting the dismissal of Roger Ver’s prosecution, tagging Trump, Elon Musk, and US Attorney General Pam Bondi.

  • The US Department of Justice charged Ver in April of 2024 with mail fraud, tax evasion, and filing false tax returns.

  • ,Many high-profile people in the crypto space, including Ethereum co-founder Vitalik Buterin and Silk Road creator Ross Ulbricht, have also called for the prosecution to be dropped.

👀 QUICK NEWS

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